Shares of luxury furniture retailer RH (NYSE:RH) dropped 4.6% after reporting disappointing second-quarter results and a weak outlook for the upcoming quarter. Revenue was $899.2 million, up 8.4% year-over-year but fell short on profitability with adjusted earnings per share at $2.93, missing Wall Street’s estimate of $3.22. RH forecasted third-quarter revenue of $884.8 million, causing concern for investors. The stock closed at $217.41, down 5% from previous close. The market sees the news as significant but not altering its perception of the business. RH is down 45% since the year began, trading 52.2% below its 52-week high.

Read more at Barchart: RH (RH) Stock Trades Down, Here Is Why